Aptitude Logical Reasoning Compound Interest 2023 NET, IAS, State-SET (KSET, WBSET, MPSET, etc.), GATE, CUET, Olympiads etc. Part 7
Glide to success with Doorsteptutor material for competitive exams : get questions, notes, tests, video lectures and more- for all subjects of your exam.
1. The Compound interest on ₹ 16000 for 9 months at 20% P. a compounded quarterly is:
A. ₹ 2518
B. ₹ 2520
C. ₹ 2522
D. ₹ 2524
Answer: C
2. If the interest is payable annually than the principal on which the compound interest for 3 years at 10% P. a is ₹ 33/- is given by:
A. ₹ 900
B. ₹ 1000
C. ₹ 1050
D. ₹ 1100
Answer: B
3. The difference between compound interest and simple interest on a sum for 2 years at 8% P. a is ₹ 786. The sum is:
A. ₹ 100000
B. ₹ 11000
C. ₹ 120000
D. ₹ 170000
Answer: C
4. A sum of money placed at compound interest doubles itself in 5 years in how many years it would to 8 times of itself at the same rate of interest?
A. 7 years
B. 10 years
C. 15 years
D. 20 years
Answer: C
5. If the rate of interest be 4% per annum for first year 5% per annum for the second year and 6% per annum from the third year then the compound interest of ₹ 10000 for 3 years will be
A. ₹ 1575.20
B. ₹ 1600
C. ₹ 1625.80
D. ₹ 2000
Answer: A
6. A money lender borrows money at 4% P. a and pays interest at the end of the year. He lends it at 6% P. a compound interest compounded half-yearly and receives the interest at the end of the year. Thus be gains ₹ 104.50 a year. The amount of money he borrows is
A. ₹ 4500
B. ₹ 5000
C. ₹ 5500
D. ₹ 6000
Answer: B
7. A man deposited ₹ 6000 in a bank at 5% P. a simple interest another man deposits ₹ 5000 at 8% P. a Compounded interest. After 2 years the difference of their interest will be
A. ₹ 230
B. ₹ 232
C. ₹ 600
D. ₹ 832
Answer: B
8. The difference between simple and compound interest (compounded-annually) on a sum of money for 2 years at 10% per annum is ₹ 65. The sum is
A. ₹ 6500
B. ₹ 6565
C. ₹ 65065
D. ₹ 65650
Answer: A
9. The effective annual rate of interest corresponding to a nominal rate of 6% per annum payable half yearly is:
A. ₹ 6.06%
B. ₹ 6.07%
C. ₹ 6.08%
D. ₹ 6.09%
Answer: D
10. At what rate of interest will be ₹ 20000 becomes ₹ 24200 after 2 years when interest is compounded annually?
A. 5%
B. 6%
C. 10%
D. 15%
Answer: C
11. The difference between compound interest and simple interest at the same rate on ₹ 5000 for 2 years is ₹ 72. The rate of interest per annum is:
A. 6%
B. 8%
C. 10%
D. 12%
Answer: D
12. Simple interest on a certain sum of money for 3 years at 8% per annum is half the compound interest on ₹ 4000 for 2 years at 10% per annum. The sum placed on simple interest is:
A. ₹ 1550
B. ₹ 1650
C. ₹ 1750
D. ₹ 2000
Answer: C
13. If the simple interest on a sum of money for 2 years at 5% per annum is ₹ 50, what is the compound interest on the same at the same rate and for the same time?
A. ₹ 51.25
B. ₹ 52
C. ₹ 54.25
D. ₹ 60
Answer: A
14. The difference between simple interest and compound on ₹ 1200 for one year at 10% per annum reckoned half-yearly is:
A. ₹ 2.50
B. ₹ 3
C. ₹ 3.75
D. ₹ 4
Answer: B
15. The difference between compound interest and simple interest on an amount of ₹ 15,000 for 2 years is ₹ 96. What is the rate of interest per annum?
A. 8
B. 10
C. 12
D. Cannot be determined
Answer: A
16. What will be ratio of simple to compound interest on two same sums invested in SBI at rate of interest of 8% kept for 3 years?
A.
B.
C.
D.
Answer: A